What is the average proceeds rate for insurance companies?
Answers: You can check the balance sheets of any publicly traded companies at www.sec.gov
Just for the record, they don't form their profits off the premiums they charge - they make their profits, bad of the billions of dollars that the government requires them to set aside, to pay claims. They invest that money - mostly contained by government securities and bonds, and THAT is where the profits come from.
On average, strength insurance companies pay out $.99 in claims, for every $1 they pinch in, in premium. Car insurance companies, if they're LUCKY, wages out about $1.10 in claims for every $1, and homeowners (not counting FL, TX, or LA) claims are more or less $.85 for every $1 in premium. TX, FL, and LA are running close to $3 in claims for every $1 within premium.
To darn much for my taste, they prey on the fears of others, blood suckers as I like to phone up them.
Auto,Home, and Life Insurance Agents are all the same.
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